Retail Premises to Let
Wimbledon station is a National Rail, London Underground, and Tramlink station located on Wimbledon Bridge. The opportunity available is to lease a retail unit located by the main station entrance. The station has interchange of all 3 transport modes. From data supplied by the ORR Wimbledon station had just in excess of 19.62 million passenger entries and exits in 2018/19. London Underground had over 12.61 million entries and exits recorded in 2017/18.
The train operator wishes to ensure that stations have a high-quality retail offer for their passengers benefit. The retail unit is very prominent, next to the main station entrance, taxi rank and busses. The premises currently trade as a foto shop.
The property is arranged on ground floor only and has the following approximate accommodation:-
• Total Area 23.92 sq m
• Shop Frontage 2.26 m
Subject the Superior Landlord’s consent, the property is being offered on a six years' lease and subject to a rent review after three years. The lease will be excluded from the security of tenure provisions of the Landlord & Tenant Act 1954. Standard railway lease terms will apply. The lease will not permit assignment or sub-letting.
Expressions of interest
The landlord is interested in receiving expressions of interest from potential end users. Interested parties should send information on their organisation along with a brief outline of their businesst and he products they sell.
An end user that will complement the existing tenant mix of the station is required.
The tenant will be responsible for all utilities and refuse collection. The tenant shall make a contribution towards the landlord’s building insurance of £410 per annum plus vat.
Any works required will need to be undertaken by professional qualified contractors. The incoming tenant will be required to provide detailed annotated shop fit plans and signage proposals demonstrating a high quality shopfit. The works and signage will require the Landlord's consent and technical consent of the Superior Landlord, Network Rail Infrastructure Limited.
The payment of business rates will be the responsibility of the tenant. The Valuation Office Agency advise that the premise s are Local authority reference 03841002130061. Zone A area has a Rateable Value of £23,580 and the Zone B of £820.
Rateable Value: £24,500
Based on the current multiplier of 0.491 for 2019/20 Rates Payable 19/20 rate year: £12,029.50
*An incoming tenant may benefit from Small Business Rates Relief. Interested parties are to make their own enquiries in this regard.
As a term of this letting the Landlord will provide EPC certificate in advance of the lease commencement.
Viewing is by appointment only.
For further details relating to this property
please contact us:
Ewa Puchowska – Assistant Surveyor
Email : firstname.lastname@example.org
Tel : 020 7921 9582
Ian Chalmers –Portfolio Manager
Email : email@example.com
Tel : 020 7921 2935